Properties

501-503 KENNEDY STREET

WASHINGTON, DC 20011

Status: ACTIVE
  • $2,100,000Price
  • 0.11 Acre
Property Description

INCREDIBLE DEVELOPMENT OPPORTUNITY ON KENNEDY STREET! Two MU-4 lots in an OPPORTUNITY ZONE at 501 and 503 Kennedy St NW with a total of 4632 sq ft lot size, up to 13,896 sq ft allowed above ground, are available in the vibrant and dynamic Kennedy Street corridor. Qualified investments may have all future gain TAX-FREE using the new tax laws; consult your tax advisor. Current sale prices per square foot are $450-550, so do the math– there is up to $8.5M in revenue possible with this project (not guaranteed). The area is on fire with new development, restaurants, bars and even a grocery store just half a block away. DO NOT MISS THIS OPPORTUNITY to make your mark on the Kennedy Street landscape! Properties sold As-Is and no seller financing will be considered- cash due upon settlement.

Basic Details
Property Title : Residential For Sale
Property Type : Residential
Listing Type : For Sale
Listing ID : DCDC458318
Price : $2,100,000
Year Built : 1928
Lot Area : 0.11 Acre
Subdivision Name : BRIGHTWOOD
Features
Attached Garage YN : N
Architectural Style : Federal
Address Map
Street : KENNEDY
Street Number : 501-503
Street Suffix : STREET
Longitude : W78° 58' 47.7''
Latitude : N38° 57' 24''
Street Dir Suffix : NW
MLS Data
Agent Name : David R Bediz
Original MLS Name : Bright
Sub System Locale : BRIGHT_MAIN
Total Taxes Pymnt Freq : Annually
Vacation Rental YN : N
Major Change Type : Domp
HOA Fee Freq : Annually
List Agent Email : info@bediz.com
List Office Key : 300199500689
SchoolDistrictName : DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Levels/Stories : 3
Structure Type : Twin/semi-detached
Short Sale : No
Sale Type : Standard
Tax Year : 2019
Zoning : MU-4
Sewer Septic : Public Sewer
Water Source : Public
Contact Agent
Courtesy Of: David R Bediz